Nigeria Scales Up To 36th Position On GlobalGDP Ranking …A 6.6 Percent Growth Rate,One Of The Fastest Obtainable Worldwide

The Federal Government yesterday said the
nation had witnessed improvement in the
global Gross Domestic Product ranking from
number 44th in 2010 to 36th in 2012,
recording a 6.6 per cent economic
growth,one of the fastest growth rates
obtainable anywhere in the world. President Goodluck Jonathan, who was
represented by Vice-President Namadi
Sambo, said this while declaring open the
6th National Diaspora Day Conference
organised by the Office of the Secretary to
the Government of the Federation in Abuja.
The conference had as its theme, ‘Diaspora
Nigerians -Agents of investment and
“We have further reduced our fiscal deficit in
the 2013 budget to 1.81 per cent of the GDP
and significantly cut domestic borrowing,”
Jonathan said.
He also applauded Nigerians in the Diaspora,
who had responded positively to the call for
greater involvement in the nation building
process, adding that they should be very
proud for their remittances and investments
in Nigeria’s fast-growing stock market, real
estate and other business ventures.
The President said, “We are creating an
enabling environment to attract both
foreign and local investors into the country.
Nigerians in Diaspora must now respond
positively to the invitation to come home
and contribute to the development of this
“As a concrete step towards achieving our
objectives, this year’s Diaspora conference
should be greatly focused and result-
oriented. The success of countries such as
India, China, Pakistan, Thailand and the
Philippines, which have strategically
engendered the Diaspora as a mechanism to
accelerate national development, is an
excellent model for us to understudy.
“The Indian experience, in particular, has
shown that Diaspora communities are
important sources of Foreign Direct
Investment, trade linkages, knowledge and
technology transfer. Having lived abroad and
embraced international best practices,
Nigerians in Diaspora possess the requisite
experience, expertise and contacts to
contribute to all facets of our national life.”

Posted in Home, News

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